Northcape Wealth Management LLC Has $1.08 Million Position in Mastercard Incorporated (NYSE:MA)

Northcape Wealth Management LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,530 shares of the credit services provider’s stock after selling 100 shares during the period. Northcape Wealth Management LLC’s holdings in Mastercard were worth $1,079,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management boosted its stake in Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Cross Staff Investments Inc boosted its stake in Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after acquiring an additional 441 shares during the last quarter. Everett Harris & Co. CA boosted its position in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 1.3 %

Shares of MA traded down $5.91 during trading hours on Tuesday, hitting $451.19. 2,696,679 shares of the stock were exchanged, compared to its average volume of 2,410,313. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average of $471.13 and a 200-day moving average of $437.01. The firm has a market capitalization of $420.91 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company posted $2.65 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.59%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Insiders have sold a total of 480,630 shares of company stock valued at $221,479,470 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MA shares. Robert W. Baird lifted their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. The Goldman Sachs Group boosted their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Raymond James boosted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.